Study on Value Symbiosis and Niche Evolution of the Corporate Venture Capital Ecological Community for Innovation and Knowledge

Fanglin Meng; Ying Tian; Chunjia Han; Shahab S. Band; Varsha Arya; Mobeen Alhalabi

Journal of Innovation & Knowledge (Jul 2023)

Study on Value Symbiosis and Niche Evolution of the Corporate Venture Capital Ecological Community for Innovation and Knowledge

Fanglin Meng,
Ying Tian,
Chunjia Han,
Shahab S. Band,
Varsha Arya,
Mobeen Alhalabi

Affiliations

Fanglin Meng: School of Business, Sanda University, Shanghai 201209, China
Ying Tian: School of Management, University of Shanghai for Science and Technology, Shanghai 200093, China; Corresponding author
Chunjia Han: Department of Management Birkbeck, University of London, Malet Street, Bloomsbury, London WC1E 7HX, United Kingdom
Shahab S. Band: National Yunlin University of Science and Technology, Douliou, 64002 Taiwan
Varsha Arya: School of Business, Sanda University, Shanghai 201209, China; School of Management, University of Shanghai for Science and Technology, Shanghai 200093, China; Department of Management Birkbeck, University of London, Malet Street, Bloomsbury, London WC1E 7HX, United Kingdom; National Yunlin University of Science and Technology, Douliou, 64002 Taiwan; Department of Computer Science, King Abdulaziz University, Jeddah, Saudi Arabia; Insights2Techinfo, India; Lebanese American University, Beirut 1102, Lebanon; Chandigarh University, Chandigarh, India
Mobeen Alhalabi: Department of Computer Science, King Abdulaziz University, Jeddah, Saudi Arabia

Journal volume & issue: Vol. 8, no. 3
p. 100363

Abstract

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Within the context that global scientific and technological innovation continues to break through discipline constraints and achieve cross-domain group breakthrough development, large enterprises are constantly seeking new ways of opening and enabling. Corporate venture capital (CVC) has become an important way for large enterprises to seize knowledge, achieve symbiotic innovation, and explore external resources. By employing the bionics research method and focusing on the symbiosis mechanism between large enterprises and start-ups, this paper conducts an in-depth analysis on the symbiosis motivation, the composition of the symbiosis system, and the symbiosis environment, and explores the evolutionary simulation after the increase or decrease of resource capacity, the intrusion of the innovation population, or the equipotential integration into the innovation ecosystem when the external environmental factors change to verify the coordinated development within the enterprise population and between the enterprise population and the environment. The results show that: (1) The symbiosis, self-consistency, evolution, spillover, and other effects within the CVC ecological community fully realize the “positive sum game” process of both sides; (2) The large enterprise population and entrepreneurial enterprise population in the CVC ecological community form a two-dimensional symbiotic system; and (3) When the resource capacity of the innovation ecosystem changes, the innovation population invades the system with a strong jump in the queue, and the innovation population participates in the system with a weak allelic fusion. This paper points out the influence, interaction, and evolution development laws between enterprise species, enterprise groups, and the innovation system environment and enriches and expands the theory of the relationship between venture capital and enterprise innovation.

Published in Journal of Innovation & Knowledge

ISSN: 2444-569X (Online)
Publisher: Elsevier
Country of publisher: Spain
LCC subjects: General Works: History of scholarship and learning. The humanities; Social Sciences: Social sciences (General)
Website: https://www.journals.elsevier.com/journal-of-innovation-and-knowledge

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